Daily Economy
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The Irony of China’s Most Recent Bitcoin Ban
“With the Evergrande crisis looming in the background, the crypto universe being pilloried by Chinese authorities as a ‘growing threat to financial stability’ and ‘disrupt[ive] to economic order’ is more than simply ironic. It is irony at its most mordant.” ~ Peter C. Earle
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Review of Sheilagh Ogilvie, The European Guilds: An Economic Analysis
“With The European Guilds, Ogilvie has written the definitive treatment of the subject. It is a book that every economist and historian should know about, and I expect it to be the standard work on the topic for many years to come.” ~ Art Carden
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The Property Instinct and the Utter Futility of Socialism
“‘Ideal’ socialism systematizes legalized theft and hence will be resisted in ways large and small, rendering it less productive than systems that recognize the way humans naturally cognize property.”~ Robert E. Wright
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Remdesivir and Lessons in Pandemic Drug Approvals
“At best, this can be a lesson to us all about pandemic drug approvals. But as noted we’ve had those lessons and they didn’t stick. Don’t expect this to have any impact, either.” ~ Michael Fumento
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The Enduring Relevance of Mises and Hayek’s Critique of Socialism
“The fact that the market, thankfully, is so robust as not to grind to a halt at the slightest provocation ought not be mistaken as evidence that government interventions into the economy are harmless unless and until they begin to resemble full-on socialism.” ~ Donald J. Boudreaux
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There’s No Such Thing as “Market Fundamentalism”
“Minds Wide Shut provides a worthwhile introduction, but it calls for much more work. I would suggest to Morson and Schapiro that they revise the book to focus on true fundamentalist thinking and leave out their misleading and ill-conceived attack on ‘market fundamentalism.'” ~ George Leef
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New Single-Family Home Sales Rose but So Did Inventory and Months’ Supply
“New-home sales rose in August but so did inventory and months’ supply. Rising prices will likely continue to force some buyers out of the market, leading to additional inventory build and slower price increases.” – Robert Hughes
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Will We Accept Nuclear Fusion When It Comes?
“By using the most abundant element on earth, hydrogen, Fusion provides a limitless future. The only question is whether our politics allows us to accept this good fortune.” ~ James E. Hanley
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The Curse of Resources, Coups, and Business
“Unruly ambitions degrade the institutions and norms that would contribute to successful negotiations with multinational firms and investors essential for the development of the economy.” ~ Todd Myers
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•
Corporate Welfare: Where’s the Outrage? A Review
“The majority of corporate welfare policies appear to remove resources from local populations and via cronyism, politicians try to insulate themselves from the loss of those benefits by removing community members from the decision process.” ~ David Waugh
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•
The Irony of China’s Most Recent Bitcoin Ban
“With the Evergrande crisis looming in the background, the crypto universe being pilloried by Chinese authorities as a ‘growing threat to financial stability’ and ‘disrupt[ive] to economic order’ is more than simply ironic. It is irony at its most mordant.” ~ Peter C. Earle
-
•
Review of Sheilagh Ogilvie, The European Guilds: An Economic Analysis
“With The European Guilds, Ogilvie has written the definitive treatment of the subject. It is a book that every economist and historian should know about, and I expect it to be the standard work on the topic for many years to come.” ~ Art Carden
-
•
The Property Instinct and the Utter Futility of Socialism
“‘Ideal’ socialism systematizes legalized theft and hence will be resisted in ways large and small, rendering it less productive than systems that recognize the way humans naturally cognize property.”~ Robert E. Wright
-
•
Remdesivir and Lessons in Pandemic Drug Approvals
“At best, this can be a lesson to us all about pandemic drug approvals. But as noted we’ve had those lessons and they didn’t stick. Don’t expect this to have any impact, either.” ~ Michael Fumento
-
•
The Enduring Relevance of Mises and Hayek’s Critique of Socialism
“The fact that the market, thankfully, is so robust as not to grind to a halt at the slightest provocation ought not be mistaken as evidence that government interventions into the economy are harmless unless and until they begin to resemble full-on socialism.” ~ Donald J. Boudreaux
-
•
There’s No Such Thing as “Market Fundamentalism”
“Minds Wide Shut provides a worthwhile introduction, but it calls for much more work. I would suggest to Morson and Schapiro that they revise the book to focus on true fundamentalist thinking and leave out their misleading and ill-conceived attack on ‘market fundamentalism.'” ~ George Leef
-
•
New Single-Family Home Sales Rose but So Did Inventory and Months’ Supply
“New-home sales rose in August but so did inventory and months’ supply. Rising prices will likely continue to force some buyers out of the market, leading to additional inventory build and slower price increases.” – Robert Hughes
-
•
Will We Accept Nuclear Fusion When It Comes?
“By using the most abundant element on earth, hydrogen, Fusion provides a limitless future. The only question is whether our politics allows us to accept this good fortune.” ~ James E. Hanley
-
•
The Curse of Resources, Coups, and Business
“Unruly ambitions degrade the institutions and norms that would contribute to successful negotiations with multinational firms and investors essential for the development of the economy.” ~ Todd Myers
-
•
Corporate Welfare: Where’s the Outrage? A Review
“The majority of corporate welfare policies appear to remove resources from local populations and via cronyism, politicians try to insulate themselves from the loss of those benefits by removing community members from the decision process.” ~ David Waugh